đ Bitcoin in Critical Zone! Is a Breakout Towards $70,000 Approaching? đ
The one-hour chart of Bitcoin shows us a key moment. The price has been fluctuating near important resistances, and it seems to be preparing for a decisive move.
đ Current Technical Analysis:
#KeyResistance: Bitcoin has immediate resistance at $68,969.75. If it manages to overcome this level, we could see an attempt to break $69,000 with force.
Important Supports: The dynamic support at the MA(50) is at $67,927, and the MA(100) acts as a stronger support at $67,532.61.
đ What to expect:
If the price manages to break $68,969.75 with volume, the next target is likely to be the psychological zone of $70,000.
However, if Bitcoin loses the support at $67,927, we could see a correction towards $67,532.
đ Suggested strategy:
Entry: Wait for the confirmed break above $68,969.75.
Target: First target at $70,000.
Stop-Loss: Place it below $67,500 if the market loses steam.
This is a key moment for traders! Keep an eye on the volume as it could define the next big move for Bitcoin.
What do you think? Will we see BTC break $70,000 this week? đ„